China’s central bank has approved foreign exchange purchases for commercial banks to fund increased gold import quotas, according to two sources familiar with the matter. This move comes alongside other stimulus measures, including interest rate cuts and liquidity injections, as China works to offset economic damage from the U.S. trade war. The increased gold imports could help meet growing demand for the precious metal while simultaneously slowing the yuan’s appreciation, which has been rising as investors move money out of U.S. assets. Gold recently reached an all-time high of $3,500 per ounce amid trade tensions, with China’s central bank also increasing its own gold reserves for the sixth consecutive month.

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The Mission Continues: Mike Maloney’s Message to the GoldSilver Community
Mike Maloney is stepping back from regular GoldSilver videos to focus on his health—but the mission continues. In a candid conversation with Alan Hibbard, Mike reflects on his work, the community he built, and what comes next for GoldSilver.




